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Seattle DJC.com local business news and data - Real Estate - Alexandria takes a loss by selling Masins Block for $24 million

Photo by Brian Miller [enlarge] Looking northeast across Main, this is the Furuya-Corgiat end of the Masins Block. It appears to be mostly vacant, but for a few food vendors. Alexandria Real Estate Equities put the multiple historic buildings of the Masins Block on the market this spring. It had in recent years paid about $33.7 million to assemble the Pioneer Square property at 220 Second Ave. S. and related addresses.  

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Seattle DJC.com local business news and data - Real Estate - Alexandria to sell its block in Pioneer Square

Photo by Brian Miller [enlarge] Looking northeast across Main, this is the Furuya-Corgiat end of the Masins Block. It’s unclear if Good Bar, with the murals in its windows, will ever reopen. After paying about $33.7 million to assemble what most would call the Masins Block, at 220 Second Ave. S. in Pioneer Square, Alexandria Real Estate Equities will apparently walk away from that investment. Broderick Group says in its first quarter office report that the property is for sale.  

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